What type of settlement allows the insurer to pay damages until a certain point while retaining liability for future incidents?

The correct answer is associated with a type of settlement that permits the insurer to fulfill its obligation for damages up to a specified limit while maintaining liability for any future claims that may arise. In this case, a scheduled release is designed to set explicit terms under which payments are made. The insurer can resolve the current damages, but the specifics of the settlement ensure that the insurer remains responsible for any future claims that could emerge after the specified point.

This structured approach allows for a balanced resolution of current issues while safeguarding the rights of the insured to pursue further claims if new incidents occur or if additional damages are uncovered later. Scheduled releases are particularly useful in scenarios where there is uncertainty about future liabilities, enabling both the insured and the insurer to manage risks effectively.